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SA AIRWAYS' low-cost airline Mango reported a R10,9million bottom line profit for the year ended March 2009, it said yesterday.
This followed the release on Monday of its parent company's results.
The publication of Mango's results came as a surprise as SAA chief executive Chris Smyth said SAA would not reveal Mango's results separately.
Mango's highlights for the period under review included revenue growth of 31percent and a 4percent growth in market share.
"Mango's continued focus on cost control, efficiency and guest service delivery saw the carrier attaining profitability," Mango's chief executive Nico Bezuidenhout said.
He said Mango, un-hedged in terms of fuel exposure, benefited from operating a new-generation fuel efficient fleet while it further implemented various fuel-savings initiatives.
Bezuidenhout said fuel cost savings, together with growth in ancillary revenue streams , allowed Mango to moderate the impact of escalating fuel cost on core ticket prices.
In this regard the airline had maintained the best on-time performance of any South African carrier, was awarded the Best Low Cost Carrier award in the 2008 Acsa Feather Awards at three of the four airports from which it operated and was voted top Low Cost Carrier in terms of service delivery in South Africa according to the 2008 Orange Service Index, Bezuidenhout said.
He said that from an innovation standpoint Mango continued to make air travel more accessible.
The company now operated the broadest payment and distribution network in the South African industry, including world firsts such as ticket payment via retail store accounts, online debit card payment and distribution via electronic procurement platforms, travel agents and the continent's largest retailer (Shoprite-Checkers).- Sapa